CMCA PRACTICE EXAM -with 100% Verified Answers 2026/2027 (10pages)

Preparing a bid request includes which of the following: A. Verifying References. B. Identifying potential contractors. C. Recommending a contractor to the board. D. Verifying contractor insurance. Legal review prior to executing a contract will assist the association in the event that: A. A subcontractor is used. B. A performance bond is required. C. There is a budgetary shortfall. D. The board has questions or concerns. Rather than describing the scope of work in detail in the contract, a manager may: A. Attach the bid specifications. B. Call each contractor to describe the job. C. Be on-site to oversee project content. D. Suggest the board meet the contractor to talk about the scope of work. In older condominiums, an association should have what type of contract covering mechanical equipment? A. Time and materials B. Specific repair C. Preventative maintenance For which project would a board most likely want to use a consultant to help develop bid specifications? A. Landscape renovation project B. Repairing and/or replacing roofs C. Painting the interior of lobbies and hallways D. Repairing HVAC and boilers In what type of contract would a waiver of lien be recommended? A. Repair of the HVAC system B. Re-roofing the buildings C. Repair of the pool pump D. Annual tree pruning In terms of compensation, a contract should state: A. Who provides insurance coverage B. Each employees rate to perform work C. When and on what terms payment(s) will be made D. Requirement for a payment bond Alternative dispute resolution includes which of the following methods? A. Mediation B. Subrogation C. Litigation D. Indemnification – Employment contracts need not included: A. Legal Sources B. Interests C. Termination D. Notice What is the best way to communicate managements expectation for an employee to complete regular and special tasks during a certain time-period? A. Job orientation B. Job duties C. Establishing performance goals D. Performance reviews When staff members help to develop policies and procedures, they are more: A. Likely to get acknowledged for their contributions. B. Committed to their job C. Committed to implement them D. Likely to be satisfied with their job Discipline as a part of the HR management can include: A. Counseling the employee B. Selecting using a progressive system C. Terminating an under-performing employee D. Gathering performance information from other employees Which tool is most effective for defining the employee’s duties? A. Personnel Policy B. Job Description C. Routine performance reviews D. State or local labor regulations The purpose of a personnel manual or employee handbook is to: A. Provide the format for job evaluations B. Define individual job descriptions C. Detail the programs the company offers D. Explain he employee rights and responsibilities What "duty" do the Board members and the manager have to the members? A. Accountability B. Loyalty C. Service D. Conduct